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Can I utilize the de minimis safe harbor deduction on rental furniture in my property? How does this work and get calculated? What happens if I keep the furniture after
Hello, I'm renting my primary home for a year, which will be furnished for the renter. Am I allowed to use the de minimis safe harbor deduction on that furniture if it is all under $2500 per item? What happens after the year if I intend to no longer rent out my unit and keep the furniture? Just trying to understand the tax laws and all help is appreciated, thanks in advance!
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‎August 30, 2019
7:52 AM